Stock Market & Financial Investment News

FirstEnergy selects Itron for grid modernization projectItron (ITR) announced that FirstEnergy (FE) has signed a contract with Itron to deploy Itron’s OpenWay smart grid solution across its four Pennsylvania-based utilities, including Metropolitan Edison, Pennsylvania Electric, Pennsylvania Power and West Penn Power. The contract signing follows approval from the Pennsylvania Public Utility Commission. The solution, which features Itron and Cisco’s jointly developed IPv6 network architecture, will help modernize FirstEnergy’s electricity distribution system and enable advanced capabilities and consumer programs.

Itron announces $50M share repurchase programItron announced that its board of directors has authorized a new repurchase program of up to $50M of Itron common stock over a 12-month period beginning February 19.